Notice of Judgment Lien Creates Lien on Personalty 697.510

CCP 697, Division 2, Chapter 2, Article 3

Notice of Judgment Lien Creates Lien on Personalty 697.510

Postby Jay » Tue Dec 23, 2008 2:56 pm

CCP 697.510

(a) A judgment lien on personal property described in Section 697.530 is created by filing a notice of judgment lien in the office of the Secretary of State pursuant to this article. A judgment lien may be created under this article only if the judgment is a money judgment that was first entered in this state after June 30, 1983. Except as provided in subdivision (b) of Section 697.540, a judgment lien may not be created under this article if the money judgment is payable in installments unless all of the installments under the judgment have become due and payable at the time the notice of judgment lien is filed.

(b) Unless the money judgment is satisfied or the judgment lien is terminated or released, the judgment lien continues for five years from the date of filing.

(c) Notwithstanding Section 697.020, the priority of a judgment lien created under this article does not relate back to the date an earlier judgment lien was created under this article.
RISER ADKISSON LLP, 100 Bayview Circle, Suite 210, Newport Beach, CA 92660, Ph: 949-200-7284, Fax: 877-698-0678, E-Mail: jay --at-- risad.com http://www.jayadkisson.com http://www.risad.com http://www.assetprotectionbook.com http://www.quatloos.com
User avatar
Jay
Partner of Riser Adkisson LLP
Partner of Riser Adkisson LLP
 
Posts: 732
Joined: Fri Dec 12, 2008 10:13 am

Return to Liens: Judgment Lien on Personal Property

Who is online

Users browsing this forum: No registered users and 1 guest

cron